NEW YORK, August 14 /CNW/ - MF Global (NYSE: MF) has no exposure to
Sentinel Management Group.
As an organization, MF Global prides itself on its rigorous approach to
risk management, an essential function that has allowed us to operate
successfully for more than 200 years. One of the key components of our risk
management is daily assessments of credit and counterparty risk, as well as
general market trends. This approach allows us to anticipate potential issues
such as the events at Sentinel.
MF Global continually takes proactive and prudent action to ensure that
its capital, and that of its clients, is held at clearing houses or at the
world's largest banking institutions. This approach provides security in all
types of market conditions, including the volatility we have seen of late.
MF Global will continue to operate in the best interest of its clients
and shareholders in order to protect the capital and integrity of their funds
About MF Global Ltd.
MF Global Ltd., formerly Man Financial, is the leading broker of
exchange-listed futures and options in the world. It provides execution and
clearing services for exchange-traded and over-the-counter derivative products
as well as for non-derivative foreign exchange products and securities in the
MF Global is uniquely diversified across products, trading markets,
customers and regions. Its worldwide client base of more than 130,000 active
accounts ranges from financial institutions, industrial groups, hedge funds
and other asset managers to professional traders and private/retail clients.
MF Global operates in 12 countries on more than 70 exchanges, providing
access to the largest and fastest growing financial markets in the world. It
is the leader by volume on many of these markets and on a single day averages
six million lots, more than most of the world's largest derivatives exchanges.
For more information, please visit www.mfglobal.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Forward-looking statements in this press release, including
statements relating to the Company's future revenues and earnings, plans,
strategies, objectives, expectations and intentions, are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements are
inherently subject to risks and uncertainties, many of which cannot be
predicted with accuracy, and some of which might not be anticipated. We
caution you not to place undue reliance on these forward-looking statements.
We refer you to the Company's filings with the Securities and Exchange
Commission (SEC) for a description of the risks and uncertainties the Company
For further information:
For further information: MF Global Media: Diana DeSocio, 212-589-6282
firstname.lastname@example.org or Investor: Jeremy Skule, 800-596-0523